TSX:SRU.UN - Post by User
Comment by
JohnnyOilon May 31, 2007 6:38pm
298 Views
Post# 12873401
RE: Overcooked?
RE: Overcooked?"Average price before run-up of .24 - .29 = .265 cents @ the 43-101 report dated May 15, 2006 level.
ADD 76%
.265 x 76% = .465
Yep slightly overcooked. Welcome to the world of the SRU bullboard people. Good luck tomorrow."
Nice try, but seriously flawed. In a nutshell, if SRU's property is not mineable, the stock is worthless. That 26 cents you were getting is based on the hope that there was a remote chance that it would be, not the stocks NAV at the time. The moment that reserves indicate a viable mine, it is a whole new ballgame with a significantly higher SP. Today, SRU became a very different animal based on the fact they have the goods to bring their property into production. The big runup reflected the expectation that this was the case (obviously a leak or two added to the confidence). Now it is confirmed to the world. Game on.